Longbow Finance SA Makes New $8.76 Million Investment in Emerson Electric Co. (NYSE:EMR)

Longbow Finance SA bought a new position in Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 70,688 shares of the industrial products company’s stock, valued at approximately $8,760,000.

Other large investors have also bought and sold shares of the company. Swedbank AB boosted its holdings in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares during the period. Howard Capital Management Group LLC boosted its holdings in shares of Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 180 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Emerson Electric by 14,768.8% in the third quarter. International Assets Investment Management LLC now owns 468,069 shares of the industrial products company’s stock worth $51,193,000 after acquiring an additional 464,921 shares during the period. Mount Yale Investment Advisors LLC bought a new position in shares of Emerson Electric in the third quarter worth $370,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Emerson Electric by 24.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,643 shares of the industrial products company’s stock worth $4,439,000 after acquiring an additional 8,064 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EMR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Robert W. Baird lifted their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Barclays lifted their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Loop Capital lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Down 1.0 %

EMR opened at $120.63 on Tuesday. The company has a market cap of $68.02 billion, a P/E ratio of 28.79, a P/E/G ratio of 2.49 and a beta of 1.34. The business’s 50-day moving average price is $124.89 and its 200-day moving average price is $117.81. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.